Corporate - Wealth Management - Senior Auditor - Associate

Location:Greater London
Job Type:Full Time
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Corporate – Wealth Management (WM) – Senior Auditor – Associate

Department Description

The JPMorgan Chase Audit Department is accountable to the Audit and Examining Committee of the Board of Directors, the Office of the Chairman, senior management and our global and local regulators. The global Audit Department has in excess of 1,000 Audit Officers.

Within the Audit Department, the EMEA Asset & Wealth Management (AWM) Audit team is responsible for assessing the adequacy of the control environment across the AWM businesses in EMEA. This is achieved through a program of audit coverage performed and managed by a team of integrated business, technology and corporate sector specialists and coordinated on a global basis with colleagues in the US and Asia.

Business Description

J.P. Morgan is a global leader in AWM with over $2.5 trillion in assets under supervision, including over $1.7 trillion in actively managed portfolios, and annual revenue of approximately $12 billion. WM provides a full range of services and investments to High & Ultra-High Net Worth individuals. This includes discretionary investment management, brokerage, advisory as well as custody and banking services.

Position Description

We are looking for a London-based auditor in the WM EMEA Audit team with a strong audit, assurance or controls background at a private bank or financial institution, in particular, with experience reviewing fiduciary or operations activities. The WM Associate position is based in London and responsible for audit coverage of the EMEA Wealth Management business. The role focuses predominantly on Wealth Management businesses in London and other European branches; however, the successful candidate will also have the opportunity to participate in audits covering other areas of the AWM business (for example, the Asset Management), where opportunities arise.

As an Associate of Internal Audit for WM in London, you will also be asked to represent the audit department locally with management, review the audit coverage to ensure local requirements/activities are captured, and help communicate audit findings with local stakeholders. This role will include the opportunity on occasion to manage audits and staff, interacting with senior management and executing planning, fieldwork and reporting. This role provides an opportunity to gain an understanding of the WM business and work with the stakeholders to improve the control environment and implement operational efficiencies.

Key responsibilities

  • Work

closely with audit team colleagues to ensure that key risks are identified

and assessed in the program of audit coverage.

  • Assist

in all aspects of audits including risk assessments, audit planning, audit

testing, control evaluation, report drafting and follow up and

verification of issue closure.

  • Identify

risks, evaluate, test and report on the adequacy and effectiveness of

management controls.

  • Write

audit work papers and draft audit issues.

  • Finalize

audit findings and use judgment to provide an overall opinion on the

control environment.

  • Document

audit results and communicate issues to management, identifying

opportunities for improvement in the design and effectiveness of key


  • Employ

computer-assisted auditing tools where applicable to maximize the

efficiency of sampling.

  • Build

and maintain key relationships with stakeholders, establishing a culture

of engagement while adding value, and attending local governance forums to

represent Internal Audit.

  • Participate

in the department’s Continuous Monitoring program and oversight of

European branches for Wealth Management.

  • Assisting

the WM EMEA Audit Directors to construct and review the program of audit

coverage of Wealth Management, in order to effectively capture local

requirements and activities.

  • Assisting

the WM EMEA Audit Directors with the maintenance of Audit Plan and

preparation of committee reporting.

  • Communicate

and share subject matter expertize within the audit department on

activities and regulatory / fiduciary (OCC 12 CFR9, FCA COBS, MIFID)

requirements, as applicable.


  • Bachelor's

degree or equivalent. Relevant audit/accounting industry qualifications


  • Relevant

financial services industry experience, preferably within Audit or risk

and control functions.

  • Previous

experience in one or more of the following areas preferred: wealth

management, trading & brokerage services, fiduciary investment and

administration, asset management or investment products.

  • Relevant audit/accounting

(e.g. ACA, CIA etc.), business (e.g. MBA) or industry qualifications (e.g.


  • Knowledge

of applicable laws and banking regulatory requirements in EMEA.

  • Ability

to manage multiple tasks or audits concurrently in an efficient and

effective manner and with minimal supervision.

  • Perform

audit work in accordance with department and professional standards and

complete assignments in an efficient manner.

  • Strong

skills in time management and problem solving.

  • Excellent

communication (i.e., verbal and written) and interpersonal skills, with

the ability to present complex and sensitive issues to senior management

and influence change.

  • Flexibility

to travel as required (up to 25% within EMEA).

About J.P. Morgan Chase & Co:

J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its JPMorgan and Chase, and WaMu brands.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.

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